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CNBC
Nov 26, 2012 7:00pm EST
to something else. over the weekend senator john mccain really criticized egyptian president morsi, really, really criticized him and basically said he's taking undemocratic dictatorial moves. he's esurping the authority of his own judiciary and this is not somebody we shouldn't rebuke, somebody we should be very critical of. what's your thought with mccain and morsi? >> well, look what happened. morsi came out of the gaza/israeli/hamas battle and his stock was improving so he overstepped himself, but what surprised me was the egyptian people and the high court reprimanded him, and they said we're not going to take this from you, and he's now backing off. so i agree with senator mccain, but i'm also encouraged a little bit that the -- that the egyptian people stood up to their own prime minister and said you're going too far. >> what does it mean? mean, how do you ignore or just take away the power of your own judiciary? i mean, that's really at the heart of the egyptian separation of powers. it's at the heart of the egyptian democracy. how farhink morsi is going to take this? i me
CNBC
Nov 26, 2012 4:00am EST
. mohamed morsi is to meet to halt violent protests. here's the latest from cairo. >> for a second straight day, egypt stock market has opened in a downward spiral followed by a decree by are morsi that has plunged the country into political turmoil. on the streets for a fifth straight day, there have been clashes between pro morsi supporters and his opponents. here in the capital, one of the victims is being laid to rest after he was killed by security officials. the anger stems from a decree issued on thursday gives morsi powers that are unchecked. he essentially has the authority to legislate and that is not subject to any type of judicial review pl opponents say it amounts to a dinlg at a time tore ship and this is what they fought against two years ago. but supporters say he must take these drastic measures in order to ram home reforms being blocked that have hijacked egypt's judiciary. ross. >> all right. latest from cry row. meanwhile israeli defense minister barack has resigned, a surprise move ahead of the general election. he is going to stay on until the next administration is in
CNBC
Nov 23, 2012 1:00pm EST
violence in egypt. after a decree by egyptian president mohamed morsi that put his decisions above legal challenge. protesters accusing him of a coup. all eyes of course on egypt, as well as israel and gaza where the cease-fire is still in place. oil prices also saw additional port on the news out of europe, optimism over greece today. west texas intermediate closing above $88 a barrel, up 1% in this short rned session. brent risie ining as well but slightly less than that. >>> nonetheless, energy prices apparently are about to get lower. our next guest is talking 70s on crude for next year. john, why are you so bearish on oil for next year? >> a couple of things. global economy doesn't look all that great for next year particularly in europe. they have a lot to get together, the greece situation. we're also now -- >> it's going to get worse than it is this year. >> yeah. iea, opec itself all looking for demand declines next year in terms of growth. also, two things that bedevilled the brent market this year, troubles out of the north sea, constantly having problems with production
CNBC
Nov 28, 2012 4:00am EST
last night to protest against the decree by the egyptian president mohamed morsi that grants him sweeping constitutional powers. >> reporter: hundreds of thousands of egyptians have poured into tahrir square and cities all across egypt demanding that president mohamed morsi rescind his decision that granted him sweeping powers. they say it is reminiscent of the mubarak era, sending this country back to dictatorship. for the past five days, police have clashed with protesters, firing tear gas and beating them at times. more importantly, they are demanding that egypt's new constitution is one that reflects the diversity of egypt, not the sole control of the muslim brotherhood. many of the people here are angered by what they say is the attempt by the muslim brotherhood and the president mohamed morsi to take control of the country and ram pole their agenda at the expense of secular forces like those that have gathered behind my. >> neil sheering still with us. investors have gotten quite bullish on egypt. do you think the investment thesis is fundamentally changed? >> i think it's
CNBC
Nov 27, 2012 9:00am EST
giving new powers to morsi. ayman is live in cairo with the latest. good evening. >> reporter: good evening. tens of thousands of protestors have gathered in tahrir square. many of them saying and singing the same songs and chants in the revolution. they changed the name from mubarak to morsi. the demands are the same. many people behind me today have been galvanized by the degree cree of morsi that gave him sweeping powers, including those to legislate without judicial review. it's not just about the decree. they're disappointed with the pace of reform. they're disappointed with the new constitutional assembly writing a constitution. they say it's not pluralistic and does not represent all of egyptians, and more importantly they're angered by the police force in egypt still using the same brutal tactics they used under mubarak. there have been no reforms and no convictions of officers that killed protestors. they're coming out in large numbers behind me. that has galvanized them and even unifying them politically. president morsi and his muslim brotherhood enjoy a great deal of pop
CNBC
Nov 22, 2012 4:00am EST
details that we really have no discussion on. >> i think the egyptian president morsi, it's in his interests to make sure hamas complies by the broad agreement that's been released. and i think the israelis will certainly be eager for a prolonged period of time. at least get them to january 22 and well beyond that. i think there is skepticism also and in gaza, but the arab world has changed and there is a chance that there could be a prolonged period of peace or relative quiet down on the gaza front. >> how significant is it the cease fire has been negotiated with sort of the new authorities bunkering in egypt. p. >> it's incredibly important. mubarak with the last truce in 2009, but no relationship with hamas. morsi has a strong relationship with hamas. has mass hamas is a part of the muslim brotherhood world and the fact he's out there backing the truce gives it much more weight than the previous documents. i think the test for hamas will be whether it can rein in the smaller factions that have sprouted up in gaza that are more radical than itself. and it will be eager to prevent
CNBC
Nov 21, 2012 7:00pm EST
. >> a very smart move, larry, to put the egyptians in the position where as president morsi says, he is in charge. okay, he's got to be responsible. no more rhetoric. no more siding with one side. he's got to make the thing work. that's what we want to see as responsible leadership. not id logical leadership. >> that's a great point. let me ask you, something unresolved, in this peace treaty or truce, is the issue of gaza and its borders, which borders up into egypt. now the hamas, they want israel to pull the military out. and have a complete opening of the borders. into egypt. general clark, doesn't that open the door, if that ever happened, to iranians rearming, rearming three egypt, through the sinai, rearming hamas just like they always do. >> of course, and israel can't permit that and shouldn't permit that. this is where egypt has to step up and say, we will insure that no weapons get back into gaza. that has to be worked out in stages and demonstrated. it has to be checked and verified. and israel has a continuing interest and should have a continuing right to verify that
CNBC
Nov 21, 2012 1:00pm EST
morsi, and secretary of state hillary clinton. it was later confirmed by israeli president benjamin netanyahu. comes just hours after a bomb blew up on a bus in the heart of tel aviv. dozens were injured. so far no claim of responsibility but hamas called it a blessed event. within the last few hours, israeli air strikes continued in gaza. this is video of secondary explosions when an hamas weapons depot was hit. michelle caruso-cabrera, our chief foreign correspondent is watching reaction at the nyse. michelle? >> that pushed the dow to the highs of the session. the announcement of the cease-fire got us another 25 points. we have come off the highs, 12,839 is where the dow stands right now, higher by more than 50 points, .4%. president obama reportedly just spoke with israel's prime minister benjamin netanyahu. john harwood joins us now. john, what can you tell us? the white house had a lot at stake here by sending hillary clinton to try to get this resolved. >> reporter: absolutely. and this is the result that president obama had in mind when he sent hillary clinton from that asia
CNBC
Nov 21, 2012 12:00pm EST
mohammed morsi announcing a cease fire has been reached. this apparently was egypt's idea and secretary clinton congressmened mohammed morsi on what he has done, the constructive involvement he's had in this process, essentially brokers where they are now. but important to note this is a cease fire. it goes into effect in an hour and 20 minutes, but this is not a comprehensive deal. this doesn't address a lot of palestinian concerns about the blockade or their quality of life or for the israeli's safety and security in the future about these rockets that have been coming out of gaza. >> comes on a day obviously when we were looking at pictures of that bus bombing in h tel aviv. >> exactly. that's incredibly disconcerting for the people of this city. tas scene they've been many times before, but there hasn't been a bus bomb ng israel since 2004 or a terrorist attack since 2006 and seeing that scene on the ground today will be all too familiar for people. the problem is instead of rockets coming in, you're talking about people among us attacking us, it is a very disconcerting pr
CNBC
Nov 21, 2012 9:00am EST
meetings, one with president morsi and one with the foreign minister amir. she will give a press conference. we hear they're standing by for that press conference, which everyone here and in israel is intent on following. after yesterday's swirl of diplomacy, both sides, israel and hamas, seem to have gotten bogged down in the details. apparently, according to some egyptian sources, they haven't been able to bridge their differences. hence the arrival of hillary clinton. a major egyptian online weekly is reporting tuesday, yesterday, egyptian negotiators handed hamas a final proposal to the israelis in jerusalem. since then hamas and egyptians have basically been awaiting israel's final response. of course, it's in that context that hillary clinton now is here. and her presence here is so urgent. she has seen netanyahu twice more since last night. she saw mahmoud abbas, the president of palestine, of the plo, in ramallah. it's really unclear whether secretary clinton is carrying any specific proposals or is here basically to nudge both sides into some kind of compromise. in less
CNBC
Nov 21, 2012 5:00pm EST
morsi announcing a cease fire. >> stocks that keep going down. >> you have to be thankful for shorts that keep on giving. online shopping. >> what is better? shopping in a store or online. one lucky turkey who president obama decided not to eat. >> live from the nasdaq market site i'm melissa lee. as microsoft and others make the big advertising push who will come out on top? penny's in play? the traders separate fact from fiction. guy goes shopping. he is going old school. we get a special report on why going to the mall isn't obsolete. let's get to the top story and that is a market reversal we saw today on the israel hamas cease fire. oil on the rise. why are they rallying and how relevant is peace in the middle east at this point? because trading oil wasn't that decisive. >> it was decisive in the beginning. really when everybody realized it wasn't so much of a cease fire. they shoot bombs. >> celebratory shooting. >> that was good. it is very important because it's not just about a small little and this isn't a small dispute. it is not just a small piece of land. it is bigger th
CNBC
Nov 28, 2012 9:00am EST
. meantime protests continuing in egyp as demonstrators demand that the president morsi rescind -- announcing they're going to go on strike halting work until the decree is revoked. we're live in cairo with the later. high, ayman. >> hi, carl. the people are still demanding that the president morsi rescind his decree. also added to the list of growing demands, they want to see egypt's body that'sing tasked with writing a new constitution be mea reflect erv of egypt's diversity, and that it's not a that it doesn't reflect only the islamic party's perspecti perspective. there's some calls by the protesters to dissolved the current body and mike sure the new body is more diverse. other issues are lingers from the revolutionary days. president morsist says he has to takes the action action becausitis egypt's judiciary that's stalling the it's shaping out -- caught in the midding are supporters every both sides, the liberal and secular state say it's on the wrong side, but the president and supporters say he has the pourer, authority and justification to take these measures. >>> as w
Search Results 0 to 11 of about 12